The Surge Arrester Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Surge Arrester Market?
The Surge Arrester Global Market Report 2025 has seen significant growth over time. The market size is expected to rise from $2.28 billion in 2024 to reach $2.46 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.6% within this period.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Surge Arrester Industry?
The Surge Arrester Global Market Report 2025 forecasts that by 2029, the market size will reach $3.34 billion, growing at a compound annual growth rate (CAGR) of 7.9%.
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What are the Key Growth Drivers Fueling the Surge Arrester Market?
The key drivers in the surge arrester market are:
• Rising demand for electricity globally
• Growing investments in the renewable energy sector
• Rapid industrialization and growth in the manufacturing industries
• Development of new technological solutions and IoT connected devices
Global Market Segmentation: Identifying Major Surge Arrester Industry Segments
The surge arrester market covered in this report is segmented –
1) By Type: Polymeric, Porcelain
2) By Voltage Type: Low Voltage Surge Arresters, Medium Voltage Surge Arresters, High Voltage Surge Arresters
3) By End-User: Utilities, Industries, Transportation, Other End-Users
4) By Application: AIS (Air Insulated Switchgear), GIS (Gas Insulated Switchgear)
5) By Class: Distribution Class, Intermediate Class, Station Class
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What are the Emerging Trends Shaping the Future of the Surge Arrester Market?
The key trends in the surge arrester market are:
• New technological solutions development is a significant emerging trend.
• The introduction of IoT-connected devices and solutions is considerably influencing the market.
• Market trends are indicating an expansion in production facilities.
• Mergers and acquisitions are increasingly becoming a common trend.
Who Are the Top Competitors & Leading Players in the Surge Arrester Market?
Major companies in the surge arrester market are:
• Siemens Energy
• General Electric
• Schneider Electric
• Hubbell
• Hitachi
• CG Power And Industrial Solutions Ltd
• Mitsubishi Electric
• Legrand Sa
• Eaton Corporation Plc
• Meidensha
• Valuepower Earthing Private Limited
• Ideal Engineers
• Pentagon Earthing & Lightning Arrester
• Abcot Lighting Protection System Private Limited
• Hangzhou Yongde Electric Appliances Co Ltd
• Yueqing Sarah Electrical Technology Co Ltd
• Wenzhou Yikun Electric Co. Ltd
• Yueqing Wortai Electric Co. Ltd
• Zhejiang Haivo Electrical Co. Ltd
• Zhejiang Zhongneng Electrical Co. Ltd
• Otowa Electric Co. Ltd
• Ngk Insulators
• Abb
• Emerson Electric
• Hakel Spol. S R.
• Vertiv
• Te Connectivity
• Lamco
• Leviton Manufacturing
• Raycap Corporation Sa
• Interconexion Electrica
• Enel X
• Al Yamuna Densons
• Dehn
• Saudi Electricity Company
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the surge arresters market in 2024
